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Property Taxation, as it pertains to Commercial Property Management, involves the assessment and collection of taxes on commercial real estate. These taxes are based on the value of the property and are typically levied by local governments. They fund various public services such as schools, police and fire departments, and road maintenance. In managing property taxation for commercial real estate, it is important to understand the tax laws and regulations in the jurisdiction where the property is located, as well as to budget appropriately for these taxes. Effective management of property taxation can help to maximize the value and profitability of a commercial real estate investment.